587 Baker Rd

Martin, TN 38237

$4,250,000
Price
4
Beds
—
Baths
870 Sq. Ft.
$4,885 / Sq. Ft.
870
Sq. Ft.
$4,885
per Sq. Ft.
a view of a small space

Description

Income-Producing Property: This 36-unit apartment complex is situated in the heart of Martin, TN, just 1.2 miles from the University of Tennessee at Martin. This property presents an excellent opportunity to enhance your rental portfolio. Martin is a vibrant university town with various amenities that attract residents to the area. All units are 2-bedroom, 1-bathroom units that feature washer and dryer hookups. Some of the improvements made over the last 12 months include a new roof on buildings...Income-Producing Property: This 36-unit apartment complex is situated in the heart of Martin, TN, just 1.2 miles from the University of Tennessee at Martin. This property presents an excellent opportunity to enhance your rental portfolio. Martin is a vibrant university town with various amenities that attract residents to the area. All units are 2-bedroom, 1-bathroom units that feature washer and dryer hookups. Some of the improvements made over the last 12 months include a new roof on buildings A, D, E, H, and J, as well as renovations to 16 units. Additionally, the back deck has been replaced for all 36 units. The current property manager is local and is willing to continue managing the property, facilitating a smooth transition for the new owner.
  1. Listed by Jessica Stanfield • Tennessee Property Group

Property Details for 587 Baker Road

Subdivision Name
n/a
Waterfront
No
LISTING UPDATED: 12/19/2025 12:24 PM

Property Details for 587 Baker Road

StatusActive
MLS #3059099
Days on Market17
Taxes$18,803 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1995
Lot Size-
CountyWeakley County

Location

Listing Courtesy of Tennessee Property Group
Add your commute

Building Information for 587 Baker Road

Stories2Residences36Year Built1995Building Size-Lot Size-

Payment Calculator

$22,568 per month

30 year fixed, 6.28% Interest

Principal and Interest

$21,001

Property Taxes

$1,567

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 587 Baker Road

Summary
Location and General Information
  • Directions: FROM UT MARTIN CAMPUS: Head south on Mt Pelia Rd toward Hannings Ln 0.2 mi Turn right to stay on Mt Pelia Rd 0.3 mi Turn left onto Skyhawk Pkwy 0.5 mi Turn left onto Baker Rd 0.1 mi Turn right Destination will be on the left.
  • Elementary School: Martin Elementary
  • High School: Westview High School
  • Levels: One
  • Living Area Source: Other
  • Living Area Units: Square Feet
  • Middle Or Junior School: Martin Middle School
  • Mlg Can View: Yes
  • Zoning: Commercial
Parking
  • Garage Spaces: .00
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Other
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Other
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Other
  • Building Area Units: Square Feet
  • Flooring: Carpet, Laminate, Vinyl
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 078 03910 000
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Aluminum Siding, Brick
  • Documents Count: 0
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Senior Community: No
  • Stories: 2
  • Year Built Details: Existing
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Attached Garage: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 36
Unit 1
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Rental Information
Rental Information
  • Rent Includes: Trash Collection
  • Tenant Pays: Cable TV, Electricity, Water
  • Total Actual Rent: $1,800

Property History for 587 Baker Road

DateEvent & SourcePriceAppreciation
Dec 6, 2025

Listed (Active)

REALTRACS #3059099

$4,250,000—
Sep 3, 2024

Sold (Public Record)

Public Record #1540470364

$2,725,000

+8.1% / yr

Nov 30, 2022

Sold (Public Record)

Public Record #1502294420

$2,375,000

+9.3% / yr

Nov 30, 2022

Sold

CWTAOR #225451

$2,375,000—
Nov 30, 2022

Listed (Active)

CWTAOR #225451

$2,375,000—
Feb 27, 2019

Sold (Public Record)

Public Record #640211165

$1,700,000—
DateEvent & SourcePrice
12/06/2025

Listed (Active)

REALTRACS #3059099

$4,250,000
09/03/2024

Sold (Public Record)

Public Record #1540470364

$2,725,000

+8.1% / yr

11/30/2022

Sold (Public Record)

Public Record #1502294420

$2,375,000

+9.3% / yr

11/30/2022

Sold

CWTAOR #225451

$2,375,000
11/30/2022

Listed (Active)

CWTAOR #225451

$2,375,000
02/27/2019

Sold (Public Record)

Public Record #640211165

$1,700,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 587 Baker Road

Taxable ValueLand$14,720Additions$608,320Total$623,040
Home Facts
Total Finished SqFt3,481 SqFtAbove Grade Finished SqFt3,481 SqFtStories2Lot Size80,150 SqFtStyleMulti-Family Res (5+ Units)Year Built1995Zoning`CountyWEAKLEYAPN078 03910

Schools near 587 Baker Road

This home is within Weakley County School District.
Rating
School
Type
Grades
Distance
Martin Primary School
Public - PK to 2
Martin Middle School
Public - 6 to 8
Westview High School
Public - 9 to 12
Martin Elementary School
Public - 3 to 5
Rating
School
Distance
Martin Primary School
PublicPK to 2

Martin Middle School
Public6 to 8

Westview High School
Public9 to 12

Martin Elementary School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 587 Baker Road, Martin, TN 38237

587 Baker Road is a multi-family home for sale in Martin, TN 38237. This property was listed for sale on December 6, 2025 by Tennessee Property Group, it's currently listed at $4,250,000. It has been on the market for a total of 17 days and was last sold on September 3, 2024. This listing's school district is Weakley County School District. Nearby schools include Martin Primary School, Martin Middle School and Westview High School. 587 Baker Road is a 4-bed, 0-bath, 870 sqft multi-family home built in 1995.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tennessee Property Group

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/25/2025 12:07 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.